How many Bor Restoration franchises were operating in Nevada at the start of 2021?
Bor_Restoration Franchise · 2024 FDDAnswer from 2024 FDD Document
| State | Column 2 Year | Franchises at the Start of the Year | Franchises Opened | Terminations | Non- renewals | Reacquired by Franchisor | Column 8 Ceased Operation - other reasons | End of the Year |
|---|---|---|---|---|---|---|---|---|
| 2022 | 2 | 0 | 0 | 0 | 0 | 0 | 3 | |
| 2023 | 2 | 1 | 0 | 0 | 0 | 0 | 3 | |
| Maryland | 2021 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 2023 | 0 | 1 | 0 | 0 | 0 | 0 | 1 | |
| Michigan | 2021 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 2023 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | |
| Minnesota | 2021 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 2023 | 0 | 1 | 0 | 0 | 0 | 0 | 1 | |
| Nevada | 2021 | 1 | 0 | 0 | 0 | 0 | 0 | 1 |
| 2022 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | |
| 2023 | 1 | 0 | 0 | 0 | 0 | 0 | 1 |
Source: Item 20 — Outlets and Franchisee Information (FDD pages 36–39)
What This Means (2024 FDD)
According to Bor Restoration's 2024 Franchise Disclosure Document, there was one franchise operating in Nevada at the start of 2021. The table provided in Item 20 of the FDD outlines the status of franchised outlets for the years 2021 through 2023.
Specifically, the table includes a column indicating the number of franchises at the start of each year. For Nevada, the data shows that at the beginning of 2021, there was one Bor Restoration franchise in operation. This provides a clear picture of the brand's presence in Nevada during that period.
Prospective franchisees can use this information to understand Bor Restoration's historical growth and market penetration in specific states. While one unit in Nevada at the start of 2021 may indicate a relatively small footprint, it also suggests potential opportunities for expansion within the state. Reviewing these figures over several years, as presented in the FDD, can reveal trends and inform a franchisee's decision-making process.